For normal retirement and to receive your full monthly benefit, you must be age 65 with at least 8 years of service or have 33 years of service regardless of age.
How does Florida retirement System work?
You receive a set, monthly benefit based on your age at retirement, salary, position, and how long you worked for the FRS. You receive the balance of your investment account; based on how well the plan performed. When you retire, if you are vested and are within 20 years of your normal retirement age.
Are there any benefits to retiring to Florida?
Oh, I almost forgot. For a more detailed explanation these and other benefits of retiring to Florida, be sure to read the Florida Move Guide. Florida offers it’s residents the best built in protection of your assets than any other US state (Okay, maybe it’s tied with Texas on that).
Are there reemployment provisions in the Florida retirement plan?
reemployment provisions for the Florida Retirement System Pension Plan and is not intended to include every program detail. Complete details can be found in Chapter 121, Florida Statutes, the rules of the State Board of Administration of Florida in Title 19 and the Department of Management Services, Division of Retirement, in Chapter 60-S, Florida
When do you have to return to work after retirement?
You can return to work with an FRS-participating employer at any time; however, returning within 12 calendar months of becoming a Pension Plan retiree may void your retirement and require you to repay retirement benefits received, as described below.
When does your company recognize you as a retiree?
The day on which your company recognizes you as a retiree is called your official retirement date, and it’s important to know. This date can have a real impact in the time immediately following your retirement, particularly in regards to your group medical insurance benefits.
